Overview

• Bitcoin surged to a fresh all-time high above $124,000 while Ethereum traded within 3% of its November 2021 record.
• Market-implied odds of a September Federal Reserve rate cut have climbed above 90%, underpinning the rally in crypto assets.
• Spot Bitcoin and Ethereum ETFs logged over $3.6 billion in inflows last month as corporate and sovereign treasuries expanded holdings, tightening available supply.
• A presidential executive order authorizing 401(k) allocations to cryptocurrencies has broadened institutional access and reinforced demand.
• Technical charts show long candlestick wicks and high derivatives open interest, flagging elevated short-term volatility risks.